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OFFICIAL NOTICE OF SALE $26,120,000 CITY OF REDWOOD CITY PUBLIC FINANCING AUTHORITY WATER REVENUE REFUNDING BONDS SERIES 2013 NOTICE IS HEREBY GIVEN that electronic bids onlywill be received by representatives of the City of Redwood City Financing Authority (the "Authority") for the purchase of $26,120,000` aggregate principal amount of the bonds of the Authority designated the "City of Redwood City Financing Authority Water Revenue Refunding Bonds, Series 2013" (the "Bonds"). The Bonds will be issued pursuant to the provisions of Article 4 (commencing with ' section 6584) of Chapter 5 of Division 7 of Title 1 of the California Government Code (the "Law"), an indenture of trust, dated as of June 1, 2013 (the "Indenture"), between the Authority and U.S. Bank National Association, as trustee (the "Trustee"), and a resolution of the Authority adopted on May 20, 2013. DATE AND TIME: WEDNESDAY, JUNE 5, 2013, until 8:30 A.M. (Pacific Daylight time). Bidders are referred to the pre(iminary official statement of the Authority with respect to the Bonds (the "Preliminary Official StatemenY') for additionat information regarding the Bonds and.the security therefore, and other matters. See "TERMS OF SALE—Official StatemenY' below. This Official Notice of Sale will be submitted to Ipreo for posting on its i-deal Prospectus � website (www.i-dealprospectus.com) and on it's Ipreo's I-Deal LLC BiDCOMP/PARITY� ("Parity") bid delivery system. If any summary of the terms of the sale of the Bonds posted by Ipreo or Parity conflicts with this Official Notice of Sale in any respect, the terms of this Official Notice of Sale shall control, unless a notice of an amendment is given as described herein. For further information about Parity, potential bidders may contact: William Euphrat Municipal Finance, Inc., 3100 Clay St., San Francisco, CA 94115-1626, telephone (415) 929-1564, email weuphrat earthlink.net., attention William Euphrat (the "Financial Advisor"), or Parity at (212) 849-5021. PURPOSE: The Bonds are being issued to (a) refinance the acquisition and construction of certain improvements and facilities which constitute part of the City of Redwood City's (the "City") municipal water enterprise (the "Enterprise") and, in particular, to provide for the refunding of the City's obligations with respect to the Authority's Water Revenue Bonds, Series 2005A, in the original principal amount of $35,790,000, of which $29,305,000 remains outstanding (the "Refunded Bonds"); (b) initially fund a reserve fund for the Bonds; and (c) pay the costs of issuance of the Bonds. � SECURITY: The Bonds are secured by Revenues as defined in the Indenture, including installment payments (the "Installment Payments") made by the City under an installment purchase contract, dated as of June 1, 2013 (the "Installment Purchase ContracY'), between the Authority, as seller, and the City, as purchaser. The Installment Payments are secured by a � Preliminary, subject to change.